Foreclosure Law Lawyers In Wilsons Virginia

Wilson, Virginia redirects here. For a community in Grayson County, Virginia, see Mouth of Wilson, Virginia. Wilsons is an unincorporated community in Dinwiddie County, Virginia, United States, along U.S. Route 460 between Petersburg and Blackstone. Several Civil War battles were fought in and around Wilsons, including the Battle of Five Forks. From the late 19th Century through mid-20th Century, it provided water for steam engines on the Norfolk and Western Railway, and the water tower remained a landmark of the town until the 1990s. Today it maintains a U.S. Post Office for its few hundred residents, near the intersection of Springston Road and Cox Road (Route 460).

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.